Budget 2019 News
Economic slowdown: Here are five more reforms Finance Minister Nirmala Sitharaman can look at to kick-start growth engines
There are at least five big reforms that need doing, can quickly get-off the ground, and which will have lasting positive effects on growth
Budget rollbacks by Nirmala Sitharaman show decisiveness, but also highlight pitfalls of 'strong leadership'
India’s GDP growth has fallen to below 6 percent in the first quarter and expected to fall further in the second.
'Strong, decisive' leadership seen as desirable, but Sitharaman's reversals to boost economy display its limitations
A few things happened this week that may have surprised those who were under the impression that India was doing very well economically.
No 'out of ordinary steps' in Nirmala Sitharaman's presser, but willingness to offer solution is positive sign for investors
The biggest takeaway from Nirmala Sitharaman's presser is that the government seems to have finally woken up to the economic slowdown and is showing a willingness to offer solutions
Parliament updates: J&K Reorganisation Bill 2019 passed 125-61 in Rajya Sabha; Upper house adjourned till 11 am tomorrow
Parliament LIVE updates: 'I want to make it clear in front of the House that due to the removal of Article 370, there will be an end to long bloodshed in Kashmir': Home Minister Amit Shah said in Rajya Sabha.
Economic Affairs Secretary to soon hold discussions with FPI representatives: Nirmala Sitharaman
The government on Monday said it will soon hold discussions with representatives of foreign portfolio investors, amid continuing overseas fund outflow from the markets following the decision to impose a surcharge on a certain class of such investors
Economy shows signs of structural slowdown: Govt must work on urgent stimulus plan that Budget couldn’t deliver
There is no immediate respite seen for the economy till now. The signs of deeper trouble are flashing continuously indicating that the slowdown is turning structural in nature.
50 days of Narendra Modi govt: Centre makes its holistic intent visible, but challenges remain to be tackled
If the Narendra Modi government succeeds in maintaining the tempo of its work and intent it has shown in the first 50 days of its second term, India will be well poised to reap the demographic dividend
SEBI chief Ajay Tyagi writes to PMO, finance ministry seeking to reconsider Budget proposal on surplus fund transfer
Last week, a SEBI employees' body had reportedly sent a letter to Sitharaman opposing the Budget proposal that seeks to transfer 75% of the regulator’s surplus funds to the Consolidated Fund of India.
Enhancing delivery of quality health care: Biomedical engineers act as a bridge between modern medicine, engineering
From the concept to market reach and clinical trials, biomedical engineers are part of the health care ecosystem contributing to meeting the SDGs, especially universal health coverage.
Relaxing FDI limit in insurance intermediaries to strengthen distribution capabilities: Fitch Ratings
The Budget proposal of relaxing foreign investment limit in insurance intermediaries will strengthen distribution capabilities and increase international involvement, particularly from developed markets, Fitch Ratings said on Monday
Spat between Nirmala Sitharaman, scribes over North Block 'gag' undermines credibility of media, govt
Many journalists invited by Finance Minister Nirmala Sitharaman to her post-Budget dinner on Friday night have decided to boycott it in response to an order barring even government-accredited journalists access to the finance ministry’s North Block offices without prior appointments
Budget 2019: FMCG sector disappointed over lack of big announcements to revive consumption; govt measures for rural push give some hopes
Other FMCG products such as soap, toothpaste and hair oil now come under 18 percent tax bracket against the previous 23-24 percent rate.
Budget 2019: Proposal to remove ambiguity on tax neutrality of demerger is a positive move in right direction
The taxpayer’s position for claiming tax neutrality for the entire transaction of demerger has been a matter of concern due to compliance with the applicable accounting framework.
Affordable housing: How to claim Income Tax deduction up to Rs 3.5 lakh on home loans
In Union Budget 2019, affordable housing got a further fillip with an increase in Income Tax deduction of Rs 1.5 lakh on home loans
FPIs can opt for corporate route to avail lower surcharge; hike is to provide benefit to taxpayers at lower end of slab: CBDT chief
Experts said surcharge on capital gain on companies is lesser and, therefore, these FPIs could choose to come as a company, if they wanted to pay a lesser surcharge.
Direct tax collection target of Rs 13.35 lakh cr for current financial year is achievable: CBDT chairman PC Mody
The government has re-calibrated and fixed the direct taxes collection target for this financial year at Rs 13.35 lakh crore, a task that the CBDT chief said is difficult but achievable
Around 450 entities withdrew over Rs 100 cr each in cash from bank accounts in one year, prompting govt to levy TDS
Just 448 entities withdrew over Rs 100 crore each taking the cumulative withdrawal to Rs 5.56 lakh crore in cash from bank accounts in one year, prompting the government to clamp down with a TDS on withdrawals of more than Rs 1 crore
Nirmala Sitharaman’s Budget is high on ambition but low on details; how will the big numbers be achieved?
Echoing Prime Minister Narendra Modi, Sitharaman said in her Budget speech that India would be a $5-trillion economy in 5 years.
Union Budget 2019 outlines reforms to support economy, but lacks plan for fiscal consolidation: Fitch Ratings
India's budget outlined some reforms that could support the economy, but its fiscal stance was left broadly unchanged with no plans for meaningful consolidation, Fitch Ratings said on Wednesday